Fiscal Wisdom Wealth Management LLC Makes New Investment in Gold Resource Co. $GORO

Fiscal Wisdom Wealth Management LLC acquired a new stake in Gold Resource Co. (NYSE:GORO) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 48,688,650 shares of the company’s stock, valued at approximately $39,783,000. Gold Resource accounts for about 37.8% of Fiscal Wisdom Wealth Management LLC’s portfolio, making the stock its largest position. Fiscal Wisdom Wealth Management LLC owned about 0.36% of Gold Resource at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in shares of Gold Resource in the second quarter worth $56,000. Jane Street Group LLC raised its position in Gold Resource by 165.2% during the 1st quarter. Jane Street Group LLC now owns 474,468 shares of the company’s stock valued at $242,000 after purchasing an additional 295,565 shares during the last quarter. Geode Capital Management LLC lifted its stake in Gold Resource by 39.9% in the second quarter. Geode Capital Management LLC now owns 1,381,916 shares of the company’s stock worth $843,000 after acquiring an additional 394,028 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Gold Resource by 61.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,325,501 shares of the company’s stock worth $1,185,000 after purchasing an additional 881,701 shares during the period. Finally, Vanguard Group Inc. raised its stake in Gold Resource by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,148,795 shares of the company’s stock worth $5,140,000 after buying an additional 91,241 shares in the last quarter. Institutional investors own 18.38% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $2.00 target price on shares of Gold Resource in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $2.00.

Gold Resource Stock Performance

Shares of NYSE GORO opened at $1.67 on Thursday. The company has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $0.89. Gold Resource Co. has a fifty-two week low of $0.29 and a fifty-two week high of $1.87. The company has a market capitalization of $270.15 million, a price-to-earnings ratio of -3.41 and a beta of 0.83.

Gold Resource Company Profile

Gold Resource Corporation (NYSE: GORO) is a Denver, Colorado–based precious metals producer focused on gold and silver mining and processing. The company’s principal operations are located in Oaxaca State, Mexico, where it holds 100% interest in the Arista underground mine and the El Águila tailings reprocessing facility. Gold Resource’s Mexican operations are complemented by corporate and administrative offices in Denver and field offices in Mexico City.

At the Arista mine, Gold Resource conducts underground mining of high-grade gold and silver veins, producing doré bars and metal concentrates that are shipped to third-party smelters.